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Production costs: January: 32,439 February: 48,925 March: 54,725 Each...

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Accounting

Production costs:
January: 32,439
February: 48,925
March: 54,725
image
Each package of sneakers requires an average of 3.25 feet of heavy-duty cotton, costing $4.15 per foot. Jack determines that the beginning inventory for cotton will be 10,500 feet in January, and the desired ending inventory will be 10% of the following month's production needs. Prepare a direct material budget for Quarter 1: calculate how much canvas will be needed (in feet) and the total cost. (Round to two decimal places for currency; round to whole unit for cotton)

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